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HSBC to price trigger gears due 2022 tied to basket of indexes, fund
By Sarah Lizee
Olympia, Wash., Aug. 16 – HSBC USA Inc. plans to price 0% trigger gears due Aug. 22, 2022 linked to a basket of equally-weighted indexes and a fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index, the Nikkei 225 index, the FTSE 100 index, the S&P/ASX 200 index, the Hang Seng index and the WisdomTree India Earnings Fund, each with a 20% weight.
The payout at maturity will be par of $10 plus 1.83 times any basket gain.
Investors will receive par if the basket falls by up to 40% and be fully exposed to any losses if it finishes below its 60% trigger level.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
The notes will price on Aug. 17 and settle on Aug. 22.
The Cusip number is 40435X520.
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